Asked by Chris Gladden on Jul 04, 2024
Verified
The ________ is the preferred form of business for professionals and is especially good for consultants and auditors,allowing them management flexibility while insulating them mostly from personal liability.
A) S Corporation
B) LLLP
C) LLC
D) LLP
Professionals
Individuals who possess specialized knowledge or skills in a particular field, often requiring certification or licensing.
Management Flexibility
The ability of a business's management team to adapt to changes or challenges in the operating environment, including strategic decision-making.
Personal Liability
The legal responsibility of an individual to compensate for harm or damages their actions have caused, potentially affecting their personal assets.
- Cognize the obligation fallouts for collaborators in several partnership models.
Verified Answer
Learning Objectives
- Cognize the obligation fallouts for collaborators in several partnership models.
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